Shares of Ingredion Incorporated (NYSE:INGR – Get Free Report) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $121.2857.
Several equities analysts have issued reports on the company. Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Oppenheimer cut Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group lifted their price target on Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research report on Tuesday, June 9th. Finally, Barclays reduced their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th.
Check Out Our Latest Report on INGR
Ingredion Stock Down 0.1%
Ingredion (NYSE:INGR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a net margin of 8.21% and a return on equity of 15.40%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.87 earnings per share. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, equities research analysts predict that Ingredion will post 10.6 earnings per share for the current year.
Insider Activity
In other news, Director David B. Fischer sold 1,662 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.31, for a total value of $170,039.22. Following the completion of the transaction, the director owned 19,930 shares in the company, valued at $2,039,038.30. This trade represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Ingredion during the 4th quarter valued at approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Ingredion in the 1st quarter worth approximately $33,000. Bell Investment Advisors Inc acquired a new stake in shares of Ingredion in the 2nd quarter worth approximately $34,000. Los Angeles Capital Management LLC purchased a new position in Ingredion in the 4th quarter valued at approximately $36,000. Finally, Root Financial Partners LLC increased its stake in Ingredion by 83.7% in the 1st quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 169 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors and hedge funds.
About Ingredion
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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